Emerging Markets Finance Headlines Morocco

Morocco: Economic growth to reach 2.4% in Q1-2024 – HCP

Morocco’s economic growth is expected to reach 2.4% in Q1-2024, marking a decline from the +3.5% growth recorded during the same period the previous year, according to the economic growth projection of the statistics office, le Haut-Commissariat au Plan ((HCP) for the first quarter of 2024. According to the HCP’s economic outlook for the fourth […]

Africa Finance Headlines International

CAF ups AFCON 2023 winner’s prize money to $7m

The Confédération Africaine de Football (CAF) announced Thursday a 40% increase in the Prize Money for the Winner of the TotalEnergies Africa Cup of Nations “AFCON” Côte d’Ivoire 2023, as part of plans to help football grow in the countries participating in the tournament. The winner will receive $7,000,000 and the runner-up of the TotalEnergies […]

Africa Business Headlines International

Mali takes delivery of new batch of Turkish Bayraktar TB2 drones

Mali received Thursday January 4 a fresh shipment of Turkish combat drones to be used in the fight against terrorism and the supervision of the country’s airspace. The drones, unmanned combat aerial vehicles (UCAVs), were delivered during a ceremony attended by the interim leader of Mali, Col. Assimi Goita and the Turkish ambassador to the […]

Headlines Tunisia

Tunisia arrests two journalists in one week

Two journalists added to scores of colleagues and people who have been arrested for expressing dissent, in a trend that worries rights defenders. After Zied El Heni was detained pending his trial, Al Jazeera journalist Samir Sassi was arrested by an anti-terrorism unit of the national guard, the Tunisian Journalism Union said. Security forces took […]

Africa Community Headlines International Morocco

Morocco: Navy intercepts two canoes carrying 124 Sub-Saharan migrants; FAR units intercepted some 87,000 would-be irregular migrants in 2023

Two Coast Guard vessels and a High-Seas Patrol boat of the Royal Navy successfully intercepted two canoes carrying a total of 124 Sub-Saharan migrants, including 8 minors. The operation, part of national waters monitoring, took place at approximately 75 km west of the Southern city of Dakhla. According to a statement from the General Staff […]

Business Egypt Headlines

Egypt Sovereign Fund unveils plans to establish 2,600 new hotel rooms in downtown Cairo

Ayman Soliman, Chief Executive Officer of the Sovereign Fund of Egypt (SFE) unveiled plans for upgrading downtown Cairo and the Ministries Square, including the establishment of 2,600 hotel rooms, the development of 15,000 square meters of green spaces, and the revitalization of historical buildings, Ahram Online reported Thursday. Soliman speaking at a meeting of the […]

Africa International

Madagascar: Christian Ntsay re-appointed as Prime Minister for new term

Madagascar’s recently re-elected President Andry Rajoelina has re-appointed on January 4 his former Prime Minister Christian Ntsay for the same position, as he begins a second term in office following November disputed elections. Rajoelina Thursday told lawmakers of his party and allies that three criteria led him to choose Ntsay as Prime Minister. “Loyalty is […]

Africa Headlines International

Chad: Rebel coalition UFDD begins laying down arms in line with Qatar-brokered peace accord

At least 900 Chadian fighters of the rebel coalition known as Union of Forces for Democracy and Development (UFDD) have returned home from Libya as part of 2022 Doha Peace Accord signed with the regime of the transitional leader Mahamat Idriss Déby. General Mahamat Nouri Allatchi, founder of the coalition, welcomed Tuesday January 2 the […]

Africa Algeria Asia Business Columns Emerging Markets Headlines International Maghreb Morocco

2024 Korea-Africa Summit: Another setback for Algerian regime as Seoul refuses Polisario’s participation

The government of South Korea has excluded the Algeria-backed Polisario separatist group from the list of invitees to the 2024 Korea-Africa summit, dealing another hard blow to the Algerian regime. According to diplomatic sources, Morocco has been invited to take part in the event by Seoul which has affirmed that ONLY sovereign African states recognized […]

Africa Finance Headlines International

World Bank helps Gabon finance digital transformation project with $68.5m loan

Gabon has secured a credit facility of $68.5 million to finance “Projet Digital Gabon”, a digital transformation project aiming at creating an environment conducive to accelerating digital transformation. The deal was signed late December by Mays Mouissi, Gabon’s Minister of Economy, and the World Bank Country Director for the Central African country, Cheick Fantamady Kanté, […]